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Artyom0805 [142]

4 years ago

9

A saving account pays 3.6% per annum simple interest Heidi puts £400 into the account, how much will she have in the account aft

er 5 years?

1 answer:

zheka24 [161]4 years ago

4 0

One year:
0.036(400)+400
Because it is 5 years:
5(0.036(400))+400
0.18(400)+400
We can make it simpler:
1.18(400)
Multiply
472
SHE WILL HAVE £472

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